Mastercard Incorporated (NYSE:MA) Shares Sold by Winslow Capital Management LLC

Winslow Capital Management LLC lessened its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,371,753 shares of the credit services provider's stock after selling 11,451 shares during the quarter. Mastercard comprises 2.6% of Winslow Capital Management LLC's investment portfolio, making the stock its 10th biggest holding. Winslow Capital Management LLC owned about 0.15% of Mastercard worth $722,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cardano Risk Management B.V. increased its stake in Mastercard by 2.7% in the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider's stock valued at $194,141,000 after buying an additional 9,611 shares during the last quarter. Dock Street Asset Management Inc. lifted its stake in shares of Mastercard by 4.5% during the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock valued at $35,932,000 after buying an additional 2,931 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Mastercard by 15.6% in the fourth quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider's stock worth $1,325,353,000 after acquiring an additional 337,905 shares during the period. Principal Financial Group Inc. grew its holdings in Mastercard by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider's stock valued at $1,497,160,000 after buying an additional 138,842 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in Mastercard by 1.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after purchasing an additional 1,194 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MA has been the subject of a number of research analyst reports. Macquarie lifted their price target on Mastercard from $565.00 to $645.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Evercore ISI assumed coverage on Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Piper Sandler reissued an "overweight" rating and set a $635.00 price objective (up from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Finally, Oppenheimer decreased their target price on Mastercard from $591.00 to $588.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $607.96.

Mastercard Stock Performance

Shares of NYSE MA traded up $0.41 during mid-day trading on Monday, hitting $510.16. The stock had a trading volume of 1,294,459 shares, compared to its average volume of 2,605,700. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The firm has a market cap of $465.12 billion, a PE ratio of 36.73, a PEG ratio of 2.37 and a beta of 1.06. The company has a 50 day moving average of $542.81 and a two-hundred day moving average of $528.53.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard announced that its board has authorized a stock repurchase plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.60%. Mastercard's dividend payout ratio is currently 21.89%.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.